CenterSquare Announces Acquisition of Last-Mile Distribution Property – 2955 State Road

January 2022

We are pleased to announce that CenterSquare in a joint venture with Wharton Industrial has acquired 2955 State Road, a 200,000 SF Class-B last-mile industrial warehouse located in Croydon, PA, 30 minutes northeast of the Philadelphia Central Business District. The Property’s transit-orientated location provides the undersupplied region convenient access to I-95 and the Pennsylvania Turnpike interchange and a robust workforce residing in the immediate proximity. The Property features functional physical characteristics in high demand by last-mile distribution users including front and side dock-loading, 20-22’ clear-heights, shallow building depths, and direct rail-access.